MBA Advisors LLC Buys 127 Shares of Exxon Mobil Co. (NYSE:XOM)

MBA Advisors LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 15,234 shares of the oil and gas company’s stock after purchasing an additional 127 shares during the period. Exxon Mobil makes up 0.9% of MBA Advisors LLC’s portfolio, making the stock its 28th largest position. MBA Advisors LLC’s holdings in Exxon Mobil were worth $1,754,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in Exxon Mobil during the first quarter valued at $25,000. First Pacific Financial purchased a new position in shares of Exxon Mobil during the 1st quarter valued at $34,000. POM Investment Strategies LLC lifted its position in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. Lynx Investment Advisory bought a new position in shares of Exxon Mobil during the 2nd quarter worth $47,000. Finally, Partnership Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at about $46,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $117.94 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The business has a 50 day moving average of $115.93 and a 200 day moving average of $114.31. The company has a market capitalization of $465.04 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 4.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 8.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a $0.95 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XOM. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. UBS Group increased their price objective on Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Mizuho lifted their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Wolfe Research initiated coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. Finally, Barclays reduced their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $136.29.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.